Will NVIDIA (NVDA) hit $240 in October?
NVIDIA is already pressing against that level. NVDA closed around $236.40 on Oct. 5, after reaching an intraday high near $237.85, putting $240 only about 1% higher.
The setup is increasingly bullish: NVDA has pushed into record territory, while Morgan Stanley recently reaffirmed an Overweight rating with a $300 target. Strong AI-related demand and positive signals from NVIDIA supplier Foxconn are also supporting momentum.
Technically, $237–$240 is the immediate breakout zone. A clean move above $240 could signal another leg higher, while rejection around this area could trigger a short-term consolidation.
My take: $240 looks like a realistic October test, but holding above it is the more important question.
$MU
$NVDAB
$NVDA
NVIDIA is already pressing against that level. NVDA closed around $236.40 on Oct. 5, after reaching an intraday high near $237.85, putting $240 only about 1% higher.
The setup is increasingly bullish: NVDA has pushed into record territory, while Morgan Stanley recently reaffirmed an Overweight rating with a $300 target. Strong AI-related demand and positive signals from NVIDIA supplier Foxconn are also supporting momentum.
Technically, $237–$240 is the immediate breakout zone. A clean move above $240 could signal another leg higher, while rejection around this area could trigger a short-term consolidation.
My take: $240 looks like a realistic October test, but holding above it is the more important question.
$MU
$NVDAB
$NVDA
🚀 Yes, easily
📈 Yes, but after a pullback
⚖️ Stays below $240
🔻 Reverses lower
5 hr(s) left
